- The major Wall Street indices are trading mixed on Friday.
- Energy stocks rise sharply after the opening bell.
- Nonfarm payrolls in the US increased by 943,000 in July.
The major stock indices in the US opened on a mixed pitch on Friday as investors weigh data from the post-US labor market report At time of writing, the S&P 500 Index, which hit a new record high of 4,440, was up 0.2% in the day to 4,437. Additionally, the Dow Jones Industrial Average was up 0.45% to 35,223 and the Nasdaq Composite was down 0.2% to 14,865.
The US Bureau of Labor Statistics announced on Friday that non-farm payrolls in the US increased by 943,000, beating the market expectation of 870,000 by a wide margin. Furthermore, the unemployment rate fell to 5.4% in July from 5.9% in June.
Among the top 11 sectors of the S&P 500, the Energy Index is up 1.5% on the back of the recovery in crude prices. Additionally, the financial index is rising more than 1% supported by a more than 4% rise in the benchmark yield on 10-year US Treasuries. On the other hand, the health index has dropped 0.45% as the main sector with the worst performance.
S&P 500 chart (daily)
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